Pantry Pride-revlon

October 13, 1985|By Deanne Brandon

THE CHASE GOES ON. Pantry Pride raised -- again -- its bid for Revlon, this time to $56.25 a share, or 25 cents more than a buy-out offer already accepted by the company. Revlon officials quickly dismissed the latest proposal by the Fort Lauderdale-based supermarket chain, saying they still favored the $1.59 billion proposal being offered by Forstmann Little, an investment company. One Revlon spokesman called Pantry Pride's latest bid ''a highly conditional, yo-yo proposal.''